EURAUD SHORT! A look at the Idea Price has posted a High 1.67633 and declined from probable rejection as suggested by earlier EURAUD Short post with critical levels:
1.67479/
1.67587/
1.68292/
1.69902
A view at charts has price clear off red targets (looking left) from previous swings-- Meaning price is behind in reaching its targets and is currently testing levels from previous (not current) swings.
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Thank you and happy trading.
Euruadanalysis
EURAUDafter a massive bearish weekly we anticipate some liquidation/relief/profit taking etc into the 1.65200 zone for the first target
daily - 4hr and so on we are giving signs of exactly this as the 1.610000 psyh zone has proven relentless - (look left)
weekly candle = bearish - play pullback - be patient - secure entries
let us execute this week
cheers.
EURAUD setting up for a big moveEURAUD broke out quite sharply few weeks back followed up by a double top on bigger picture. As now this market rallying a bit but to me it seems like market momentum is weakening across the board which signals for a downside to ensue. Watch for compression here and strong bearish expansion bars to build positions or if you have your trading strategy consider shorts.
Trade Safe!
Thanks for your support.
EURAUD Bounce will lead 1.42EURAUD chart started its day under fibbo %50 band and tested its %61 band which stays around 1.49. It's last week climed here from 1.42 band with EUR news and weakens from AUD supported it too. As we see we got our major Resistance around 1.5050, fibbo %70.6 band which held the parrity 3 times or more since JUN 2016. Our setup gives us here that it's movement tru upwards migt show us that it might test %61.8 fibbo, 1.4920 and bounce or might pass and show us 1.5050 band and will turn back to its fibbo -%27 level which at 1.42. These both 1.4920 and 1.5050 levels are holding resistances, which produces strong points and making a narrow strong block to take parrity to upper places.